Nasdaq Dorsey Wright

Comments include: DASH, DHI, GIS, and WDFC.

DASH DoorDash, Inc. Class A ($105.90) - Retailing - DASH broke a double top at $104 to return to a buy signal as the stock rallied to $106, marking a new multi-year high. The stock is a 5 for 5'er that ranks in the top quintile of the Retailing sector matrix. Okay to consider here on the breakout. Note resistance lies in the $120 range. Initial support lies in the $93 to $94 range, while the bullish support line sits at $84.

DHI D.R. Horton, Inc. ($154.47) - Building - DHI reversed into Xs and broke a double top at $156 for a new all-time high. This counts as the second buy signal for the 5 for 5'er since November 2023 and still positions the stock in overbought territory. Those seeking to initiate exposure to DHI may look to dollar cost average into exposure due to its extended position. Initial support now lies at $148, while additional support may be found at prior resistance at $132.

GIS General Mills, Inc. ($63.11) - Food Beverages/Soap - Shares of GIS returned to a sell signal on Wednesday after trying to stage a rally off the October lows. The stock remains a 0 for 5'er and sits near the bottom of the food beverages/soap sector matrix. Avoid. Key support is offered at $61.

WDFC WD 40 Corp ($271.13) - Household Goods - WDFC reversed into Xs and broke a double top at $248 as it rallied to a multi-year high at $276. The stock is a 5 for 5'er that ranks in the top quintile of the Household Goods sector matrix and is accompanied by a yield of roughly 1.5%. This action places WDFC in overbought territory, so those shoe may seek initial exposure may look for price normalization at current levels before considering. From here, resistance lies at $280, while additional be found in the $320 to $330 range. Initial support lies at $232, while the bullish support line sits at $200.

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